residential mortgage

(redirected from Residential Mortgages)

Residential mortgage

Mortgage on a residential property, tax-deductible for individuals up to $1 million.

Residential Mortgage

A loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time. The interest on a residential mortgage is tax deductible under most circumstances.

residential mortgage

A loan secured by real property used for a personal residence or dwelling.

References in periodicals archive ?
Securities and Exchange Commission, updated the "Bank of Cyprus Residential Mortgage Bespoke Rating Criteria", applicable to the analysis of Cypriot residential mortgages originated by Bank of Cyprus Public Company Limited (BoC) and segregated for the benefit of the covered bonds programme.
The growth in demand for residential mortgages with banks has shown a downward trend over the past few quarters.
The total share of all residential mortgages serviced by credit unions increased from about 3.1% in the first quarter of 2008 to about 5.7% in the third quarter of 2015.
Newly formed British challenger bank Aldermore on Tuesday revealed that it has lowered rates on buy to let and residential mortgages.
[USPRwire, Fri Feb 27 2015] Residential Mortgages in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2009-13, and forecast to 2018).
AMIP currently holds no residential mortgages and expects to focus initially on evaluating possible acquisitions.
The bank launched its latest AUD850m residential mortgage-backed securities (RMBS) offer, backed by prime residential mortgages, at 95 basis points above the one-month bank rate.
MORE than seventy per cent of residential mortgages were repayment mortgages in the first quarter of 2011, it has been revealed.
The bonds were backed by domestic residential mortgages not directly related to the subprime meltdown.
The top 10 life insurers, representing $1.59 trillion in net admitted assets, held total residential mortgages of $2.6 billion in 2006, according to the latest annual statement filings from the National Association of Insurance Commissioners annual statement database via Highline Data.
Morgan Stanley announced that it has reached a definitive agreement to acquire Saxon Capital, Inc., a servicer and originator of residential mortgages, for $706 million, or $14.10 per share in cash for Saxon stock.
Although a number of assets are now securitized in the United States, asset securitization began with residential mortgages.

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